Brown Shipley appoints new CIO to replace Doran

Don Smith_Brown ShipleyBrown Shipley has promoted current deputy chief investment officer Don Smith to be its new chief investment officer.

Smith, who has been in his role for only five months, will replace Kevin Doran who left the wealth manager in February to join Brown Shipley’s parent firm KBL Private Bankers as group head of research and strategy.

Following Smith’s move, current senior fund manger and head of structured products Alex Brandreth will become deputy chief investment officer at the firm.

Brown Shipley chief executive Ian Sackfield says: “The investment team has made fantastic strides over recent years, particularly in developing innovative approaches to investment, resulting in a solid track record of delivering risk adjusted performance.

“With these solid foundations, I am confident that under Don’s leadership and with the support of Alex, the wider team at Brown Shipley, as well as the KBL network, we will continue to provide a first class service for all our clients.”

Previously Smith worked for 13 years at broker firm ICAP where he was an economist. Brandreth started at Brown Shipley in 2010 as a research analyst.

Smith says: “I’m delighted to take the baton from Kevin Doran at what is a very exciting time for the business. Whilst we remain committed to our core investment approach that has stood us in good stead for many years, the support from the group wide research platform led by Kevin gives Brown Shipley the potential to deliver a genuinely unique offer in the UK marketplace.”